The pay package of the Goldman Sachs CEO includes substantial variable compensation and stock units.

  I suspect a cold shiver went down many the backs of many at the larger adviser firms this week with news that the FCA is asking for details of their ongoing charges. The FCA announced it would survey the top 20 advice firms to ask how they were implementing ongoing charges in relation to […]

The FSCS has declared nine financial services firms in default during December and January, including several financial advisers. The compensation body said that the nine firms had gone out of business which means they were unable to meet any claim themselves. Firms on the latest list include SIPP provider Rowanmoor and Niche IFA. Customers with […]

Despite major pushback on various proposed regulations, the chair said he is focused on “getting it right.”

Virgin Money is to buy Abrdn’s 50% stake in their joint venture called Virgin Money Investments. Following the deal Abrdn will continue to provide investment advice for Virgin Money Investments, allowing both firms to utilise their strengths, according to Virgin Money. The joint venture between Virgin Money and Abrdn was launched in 2019. It includes […]

With so many compliance systems on the market, regulators are likely to look askance at firms that don’t embrace them.

The move brings the 28-year industry veteran from a firm where independent planners make up less than 5% of the advisory headcount to one where they are the majority.

The Personal Finance Society (PFS) has urged Financial Planning and advice firms to improve their knowledge and awareness of ESG and sustainable financial advice. In a new report published today, the PFS said there were inconsistent approaches or levels of confidence in ESG advice. The report, ‘Sustainable Finance: Knowledge Gap’, examined the sector’s approach to, […]

White Americans still have twice as much retirement wealth as savers of color, research shows. Here’s what experts recommend to shrink the gap.

The online brokerage sees its popular talking babies ads as a way to get tens of millions of viewers to think about how they might put their money to better use.